The Distributional Impact of Statewide Property Tax Relief: the Michigan Case

This study uses data from a random survey of 2001 Michigan households to analyze the extent to which the Michigan ctreuit-breaker has been successful in reducing the income regressivity of the property tax and in changing relative property tax burdens. Because of its relatively extensive coverage, including renters as well as homeowners and the nonaged as well as the aged, the circuit-breaker has yielded a more equal distribution of income within Michigan. Its potential to change the distribution of income depends on the particular formula utilized, but redistributional effects have thus far been lamited because program participation has been positively correlated with income. To the extent that reductions in the price ofpublic services created by the circuit-breaker are perceived by households, the biggest stimulus appears to be in high property tax/high-income countiesPeer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/68848/2/10.1177_109114218301100201.pd

Accounting for the Change in Income Disparities between US Central Cities and their Suburbs from 1980 to 1990

Develops a method that uses cluster analysis to group central cities in the United States. Selection of the candidate cluster solutions; Median characteristics of the clusters; Stressed central cities; Healthy central cities

The Accuracy of Owner-Provided House Values: The 1978-1991 American Housing Survey

The American Housing Survey (AHS) includes the owner's valuation of the house as a measure of the house's value. If owner-stated values are accurate, the AHS (as well as other survey instruments) can be used by researchers studying a variety of topics. In this study we use the metropolitan version of the AHS for three cities over fourteen years to compare owners' valuations with sales prices of houses that sold in the twelve months prior to an interview. We find that, on average, recent buyers report house values that are 8.4% higher than the stated sales prices. Further analysis indicates that these recent buyers, when compared with owners with longer tenure, overvalue their houses by 3.3%, on average. Thus, we find that the average owner overvalues his house by 5.1%. Also, differences between sales prices and owners' valuations are not related to particular characteristics of the house, occupants (other than length of tenure), or neighborhood. Thus, the use of the owners' valuations will result in accurate estimates of house price indexes and will provide reliable estimates of the prices of house and neighborhood characteristics. Copyright American Real Estate and Urban Economics Association.